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cliff, but also help us avert the fiscal abyss. if president obama were to offer such a plan, republicans would act favorably. going over the cliff is unnecessary. as it has been observed in "the wall street journal," the president is boxing in the republicans. he is offering them a deal they cannot accept. first, the president has repeatedly called for a balanced solution involving both revenue and less spending. what is obvious to the most casual observer is that this plan is not a balanced. the fiscal cliff involves nearly four dollars of anticipated revenue from higher taxes for every dollar of spending cuts, yet the president wants more revenue and fewer spending cuts. if we fell off the cliff, his plan calls for another round of stimulus spending. you have got to be kidding me. what the president's plan lacks is any reform in our entitlement system. the unrestrained growth in entitlement system is driving deficits and driving the debt even higher than the percentage of our gdp. it is estimated to be as high as $128 trillion.
cliff, but also help us avert the fiscal abyss. if president obama were to offer such a plan, republicans would act favorably. going over the cliff is unnecessary. as it has been observed in "the wall street journal," the president is boxing in the republicans. he is offering them a deal they cannot accept. first, the president has repeatedly called for a balanced solution involving both revenue and less spending. what is obvious to the most casual observer is that this plan is not a...
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>> the fiscal cliff. first of all i think there are issues that are beginning to improve and, you know, whether you look at the euro zone which is making progress, gradually, laboriously and certainly improving and with good numbers because if you look at thinge ia because if you look at thinge a greg gat euro zone debt, and you have political stability back now that the new team is in place so the volatility and the instability factors that are outside have reduced. the real threat that we have at the moment is really here with us and that can be addressed. >> but when you look at, i mean i understood that the european banks had sort of downsized or downgraded what they thought would be growth. you've got more than 11% unemployment in the euro zone, which is a good deal higher than here. >> yeah yeah. >> are those things threats to the u.s. economy or do you think the u.s. economy now is destabilizing or has the potential to destabilize the world economy? >> i think the u.s. economy, because it's a relat
>> the fiscal cliff. first of all i think there are issues that are beginning to improve and, you know, whether you look at the euro zone which is making progress, gradually, laboriously and certainly improving and with good numbers because if you look at thinge ia because if you look at thinge a greg gat euro zone debt, and you have political stability back now that the new team is in place so the volatility and the instability factors that are outside have reduced. the real threat that...
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i have been warning you about this fiscal cliff for months now. i call it the economic storm of our own making, but some of you think all the talk is overblown. will a failure by washington really mean catastrophe for the economy? i'm going to debate with richard quest, next. [ roasting firewood ] ♪ many hot dogs are within you. try pepto-bismol to-go, it's the power of pepto, but it fits in your pocket. now tell the world daniel... of pepto-bismol to-go. >>> time now for q and a. three weeks left to do a deal and yet, lawmakers in washington -- promising to cut trillions, but republicans insist it could be done without raising taxes on the rich. president obama insists at a nonstarter. what happens if there's no deal? are we as some argue, maybing too much of the fiscal cliff deadline? would it really be a catastrophe to hit it, go over it, maybe for a little while. joining me now from london, richard quest, the host of quest means business on cnn international. i got 60 seconds. i'll go first. could be catastrophic if congress doesn't get a de
i have been warning you about this fiscal cliff for months now. i call it the economic storm of our own making, but some of you think all the talk is overblown. will a failure by washington really mean catastrophe for the economy? i'm going to debate with richard quest, next. [ roasting firewood ] ♪ many hot dogs are within you. try pepto-bismol to-go, it's the power of pepto, but it fits in your pocket. now tell the world daniel... of pepto-bismol to-go. >>> time now for q and a....
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what are the odds of a deal getting done before disaster strikes in the fiscal cliff. we have optimism that our elected officials will rise to the occasion. >> i think everyone realizes how important it is. our economy is moving up some. not fast but some, and to go over the cliff would be terrible. i think we'll get an agreement. the reason i think we'll get an agreement, what's standing in the way is revenues, particularly making that top rate go up to 39.6 but we're seeing real progress. >> a unique moment in history where every developed country in the world, economists on both sides of the aisle, know the greatest threat to our country is fiscal solve advancecy. the minority party is trying to leverage the country into doing something great for our nation. it's a unique time and i hope the president soon will see the light. >> joining me the chris wallace. good morning. >> good morning, jamie. >> interesting interviews with optimism. do you think that -- they really believe a deal will happen and is each side willing to make a move? >> well, both senators said the
what are the odds of a deal getting done before disaster strikes in the fiscal cliff. we have optimism that our elected officials will rise to the occasion. >> i think everyone realizes how important it is. our economy is moving up some. not fast but some, and to go over the cliff would be terrible. i think we'll get an agreement. the reason i think we'll get an agreement, what's standing in the way is revenues, particularly making that top rate go up to 39.6 but we're seeing real...
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congress is busy at work and just not on the fiscal cliff. if you are one of the millions of men who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announcer ] dosing and application sites between these products differ. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or, signs in a woman which may include changes in body hair or a large increase in acne, possibly due to accidental exposure. men with breast cancer or who have or might have prostate cancer, and women who are, or may become pregnant or are breast feeding should not use androgel. serious side effects include worsening of an enlarged prostate,
congress is busy at work and just not on the fiscal cliff. if you are one of the millions of men who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announcer ] dosing...
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>>> the fiscal cliff, the fiscal cliff, just 23 days away and if we go over it, automatic spending cuts will take effect, automatically, bam. todd schoenberger is back with me from new york. we spent some time taking questions from viewers who want 20 know how the fiscal cliff will affect them. what will make the headlines? >> bottom line is this, that is if nothing is resolved right now, we are looking at a 20% increase across the board for tax revenue for washington. and you hear a lot about these spending cuts but realistically, we won't see a whole lot of spending cuts, because this way this was actually createded, we would only see spending cuts of .25%. >> one coming from edgar, he says i'm not confused about the fiscal cliff, what i'm confused about is what taxes will be raised? >> that's right. well the payroll tax holiday, it was created in 2010, it had a two-year tax extension, it expires on december 31st. this is a 2% payroll tax that all americans were enjoying. if nothing is resolved, your first paycheck in january is going to be 2% lighter. that may not sound like a lot. b
>>> the fiscal cliff, the fiscal cliff, just 23 days away and if we go over it, automatic spending cuts will take effect, automatically, bam. todd schoenberger is back with me from new york. we spent some time taking questions from viewers who want 20 know how the fiscal cliff will affect them. what will make the headlines? >> bottom line is this, that is if nothing is resolved right now, we are looking at a 20% increase across the board for tax revenue for washington. and you...
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that all depends on america playing it's cards right and for that we need a deal on the fiscal cliff. thank you for joining us on the conversation on "your money." have a great weekend. >>> hello, thank you for joining us. i'm allison cossack, fredericka whitfield is off. president and house speaker john boehner met today at the white house. we're not getting details yet as to how those negotiations went, except to stay that the lines of communications remained open. both sides of the fiscal cliff negotiations are much closer than you may think despite what law makes say publicly. jackie calms of the "new york times" picked up on something that lawmaker tim cole said recently. >> the republicans should just declare victory and taking the 98% of the tax cuts that they agree on and work next year on tax reform and see if they can't get the top rate back down again. it's hard to think that that's not where they're going to end up so why not make it clean instead of ugly. >> i think it's true that many people are saying privatery what tom cole said publicly on the show. but they believe t
that all depends on america playing it's cards right and for that we need a deal on the fiscal cliff. thank you for joining us on the conversation on "your money." have a great weekend. >>> hello, thank you for joining us. i'm allison cossack, fredericka whitfield is off. president and house speaker john boehner met today at the white house. we're not getting details yet as to how those negotiations went, except to stay that the lines of communications remained open. both...
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my next guest is concerned that we are going over the fiscal cliff. he says, preside obama seemingly is intent on rsing his post-election advantage to win tax increaseson the wealthy and to eliminate the houses debt ceiling leveraged. joining us now from washington d.c., peter wallace, former reagan white house counsel, former member of the financial crisis inquiry commission. a senior fellow at the american enterprise institute. good to have you here. you believe there going or the cliff. >> i think their is a real danger of this. one can see a path for obaaa that does not look so terrible if we do go over the cliff. all of the taxes go up, but the democrats have an opportunity to introduce legislation to reduce the taxes for 98 percent of the people leaving the wealthier people, i guess you could call them wealthy, the top two percentage to stay at the high rates. it is possible to do this. lou: it is posible, but i have to ask you, surely the republicans have to understand and had understand six months ago what what transpired in this lame duck ses
my next guest is concerned that we are going over the fiscal cliff. he says, preside obama seemingly is intent on rsing his post-election advantage to win tax increaseson the wealthy and to eliminate the houses debt ceiling leveraged. joining us now from washington d.c., peter wallace, former reagan white house counsel, former member of the financial crisis inquiry commission. a senior fellow at the american enterprise institute. good to have you here. you believe there going or the cliff....
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breaking news on the fiscal cliff talks. president obama and john boehner met face to face trying to prevent the fiscal cliff now 23 days away. their last face-to-face meeting was november 16th. we don't have any specific details on that conversation. reps from both side s say line of communication remain open. >>> 500,000, that is the bond set today by a judge near dallas for cowboys nose tackle josh brent. he was behind the wheel in the car accident this weekend that killed teammate jerry brown jr. police believe brent was drunk when the accident happened. >>> president obama visits union-heavy michigan tomorrow. a state he won easily last month and now the center of new labor protests. the michigan legislature is close to passing a right to work law and that is not sitting well with workers in the state where organized labor was born. one of the biggest labor unions in the country, united auto workers, is firmly against the law which limits the unions' power. michigan's republican governor says he'll sign the bill if it h
breaking news on the fiscal cliff talks. president obama and john boehner met face to face trying to prevent the fiscal cliff now 23 days away. their last face-to-face meeting was november 16th. we don't have any specific details on that conversation. reps from both side s say line of communication remain open. >>> 500,000, that is the bond set today by a judge near dallas for cowboys nose tackle josh brent. he was behind the wheel in the car accident this weekend that killed teammate...
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country over the fiscal cliff. if you look at what the president's stance to gai if the country goes over the fiscal cliff, there are very clear and identifiable things. on the one hand he president could identify himself as a tax cutter. he could say -- on january 1st the president in terms of the country and say, now in favor of cutting these taxes that have been raised because we did not solve this before ththe fiscal cliff. he can turn and say to my want to restore some of this funding that my secretary of defense and joint chiefs of staff told me i need to restore and can position himself as st of the protector of u.s. national security. so tre are some clear incentives to the president to lead the country over the fiscal cliff. do i think that's what he wants? probably not, but do i think there are incentives for him to do it temecula. gerri: never looked at it that way. as you look at this debate on going, there are a lot of folks who say we will be flirting with recession or in recession if we do go over t
country over the fiscal cliff. if you look at what the president's stance to gai if the country goes over the fiscal cliff, there are very clear and identifiable things. on the one hand he president could identify himself as a tax cutter. he could say -- on january 1st the president in terms of the country and say, now in favor of cutting these taxes that have been raised because we did not solve this before ththe fiscal cliff. he can turn and say to my want to restore some of this funding that...
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we are back and forth on how to avert the fiscal cliff. it is just 22 days before the deadline and president obama says he is willing to cut entitlements and speaker john boehner is showing signs of not ruling out a tax hike for top earners. >> and muni is contemplating restructuring its fare structure based on income. a study on the issue is being conducted due to riders' mixed feelings about it. >>> and weather. lots of sunshine? >> yes. we have temperatures mostly in the mid 60s. 64 at concord. 62 at fairfield. here in the city 64 degrees an san jose should see 64. the next chance of rain wednesday. in the meantime, sunshine. >> okay. let's do another season story. >>> the season of giving continues at the san francisco bar pilots team one firefighters again this year. >> yes. they are all acting like elfs. the pilots became santa's own workshop. they assembled 130 bikes for children donated to the fire department toys for children program. they also contribute toys for families in need. very cool! thank you for joining us this morning
we are back and forth on how to avert the fiscal cliff. it is just 22 days before the deadline and president obama says he is willing to cut entitlements and speaker john boehner is showing signs of not ruling out a tax hike for top earners. >> and muni is contemplating restructuring its fare structure based on income. a study on the issue is being conducted due to riders' mixed feelings about it. >>> and weather. lots of sunshine? >> yes. we have temperatures mostly in the...
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there's an assumption that the president doesn't want to go over the fiscal cliff like the republicans don't. and i think that's the wrong assumption. i think the president does want to go over the fiscal cliff and yet, there's no coverage of that whatsoever. bob woodward actually gave a video interview to political this week and said who is barack obama and what drives him? it's not a big mystery at this point. >> the media seem to have no problems supporting the idea of putting higher taxes on higher wage earningers in this country and take a look at this from the california teachers union. >> and ordinary people wondered why rich people needed so much money, the 1% said, don't worry, this is good for you, too. because it will trickle down from us to you. and some day, you'll be rich and then the rules we made for us will be your rules, too. >> and that's ed asner, the actor, voicing that production. what's been the media reaction, jim? >> not much. part of it is i'd be hard pressed on a family channel to describe what we just saw there. you have to look, rewind it and look closely a
there's an assumption that the president doesn't want to go over the fiscal cliff like the republicans don't. and i think that's the wrong assumption. i think the president does want to go over the fiscal cliff and yet, there's no coverage of that whatsoever. bob woodward actually gave a video interview to political this week and said who is barack obama and what drives him? it's not a big mystery at this point. >> the media seem to have no problems supporting the idea of putting higher...
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how much is that is due to the looming fiscal cliff. joining me now is congresswoman judy, chair of the congress gregsal asian pacific caucus. it's great to have you here. we have been talking about the larger effects of this and the taxation issue and what will happen to the wealthiest of americans. how will going over the fiscal cliff affect small businesses? i believe that being able to have a fairer tax rate will benefit small businesses because small businesses will be able to make sure that they are paying a fairer tax rate as what happened in the clinton tax years when we had an economic boom. >> congresswoman, we hear all the time certainly from the republicans arguments against president obama's plan is the $250,000 tax hike threshold could hurt small businesses. we hear that from all people who come on to talk about why they are opposed to it from the right wing that small business owners are going to be the ones hurt by this, the job creators. when we talk about them filing taxes as individuals and the real ones out there, wh
how much is that is due to the looming fiscal cliff. joining me now is congresswoman judy, chair of the congress gregsal asian pacific caucus. it's great to have you here. we have been talking about the larger effects of this and the taxation issue and what will happen to the wealthiest of americans. how will going over the fiscal cliff affect small businesses? i believe that being able to have a fairer tax rate will benefit small businesses because small businesses will be able to make sure...
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the fiscal cliff deadline 22 days away. we want to begin with a look ahead at the second term agenda. in your mind, what did you think should be the number one priority. we will take your calls and comments. you can also join us on facebook and twitter. from the headlines this morning, including this from the washington post. there is also this story from "the huffington post." aspirations' including closing the educational achievement gap. the lofty goals may have to wait as lawmakers and the president toppled a number of issues that cannot wait. let's go back to the inauguration from generic 20, 2009, a few hundred feet from where we are at as he addressed the nation. he will do so again january next year. this is what he said nearly four years ago. [video clip] >> we must dust ourselves off and begin the work of remaking america. [applause] everywhere we look, there is work to be done. the state of our economy calls for action bold and swift. we will react to lay a new foundation for growth. electrical grids that bind us
the fiscal cliff deadline 22 days away. we want to begin with a look ahead at the second term agenda. in your mind, what did you think should be the number one priority. we will take your calls and comments. you can also join us on facebook and twitter. from the headlines this morning, including this from the washington post. there is also this story from "the huffington post." aspirations' including closing the educational achievement gap. the lofty goals may have to wait as...
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it's beginning to feel like groundhog day in the talks of the fiscal cliff. both sides dug in, no agreement in sight and we're 23 days from the brink. join us to break down where it stands, two leader senators, charles schumer and bob corker. house speaker boehner said friday another week has been wasted. given president obama won the election and seems to have most of the political leverage, what's the realistic deal to be made in the next 23 days? >> first of all i think something's going to happen. i hope it's large enough for people who want to see entitlement reform to vote for. the president has leverage but the republicans have leverage with the debt ceiling, hopefully cooler heads will prevail. theorist are coming forward on how to deal with this. it's a unique moment in history where every developed country in the world, economists on both sides of the aisle know the greatest threat of the country is fiscal solvency. the minority party is trying to leverage the president into doing something great for the nation. i hope the president soon will see th
it's beginning to feel like groundhog day in the talks of the fiscal cliff. both sides dug in, no agreement in sight and we're 23 days from the brink. join us to break down where it stands, two leader senators, charles schumer and bob corker. house speaker boehner said friday another week has been wasted. given president obama won the election and seems to have most of the political leverage, what's the realistic deal to be made in the next 23 days? >> first of all i think something's...
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easily saying, yeah, we can go over the fiscal cliff. but at the end of the day, this is a president, he would have to own it. he may not say he has to own the recession. but if we go over that, he has to own that. >> he knows that. >> and that's something he definitely knows. >> i think he agrees with bob that the recession would be his problem. >> it would be a giant disaster. he needs to improve things and show that he's a leader. and, you know, here's the big question, whether he's miscalculated by coming out and saying, we have to raise taxes on the upper brackets. that is a red line. >> right. >> and, you know, for -- newt knows this way too well. there are so many republicans in the house that that is against doctrine. that will get the "wall street journal" editorial page spinning, and that means a lot. to a lot of households. >> we need to get to a break. but after the break, 2016 is taking shape. some of the moves made in the republican party, we'll get into that. and of course the election may be sooner than we think, even tho
easily saying, yeah, we can go over the fiscal cliff. but at the end of the day, this is a president, he would have to own it. he may not say he has to own the recession. but if we go over that, he has to own that. >> he knows that. >> and that's something he definitely knows. >> i think he agrees with bob that the recession would be his problem. >> it would be a giant disaster. he needs to improve things and show that he's a leader. and, you know, here's the big...
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the phenomenon known as the fiscal cliff. if that happens, it will trigger a recession, or worse. so, president obama is taking action and insisting that republicans agree to increase the existing marginal tax rates on the wealthiest top 2% of u.s. taxpayers. and of course, there is more to the deal. but there will be no negotiations on that big part of the deal unless that tax on the wealthiest 2% is negotiated now. the president could not be more emphatic in stressing the indispensable element of surmounting the cliff is that super-rich revenue. >> we're not insisting on rates just out of spite. or out of any kind of partisan bickering. but rather because we need to raise a certain amount of revenue. >> okay. here is john boehner, the republican house speaker. >> if you look at the plans that the white house have talked about thus far, they couldn't pass either house of the congress. >> republicans proposed raising $800 billion in extra revenues. and that revenue should come through tax reform and closing loopholes. happy new year. question, patrick, looking into the crystal bal
the phenomenon known as the fiscal cliff. if that happens, it will trigger a recession, or worse. so, president obama is taking action and insisting that republicans agree to increase the existing marginal tax rates on the wealthiest top 2% of u.s. taxpayers. and of course, there is more to the deal. but there will be no negotiations on that big part of the deal unless that tax on the wealthiest 2% is negotiated now. the president could not be more emphatic in stressing the indispensable...
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how could this power player conversation impact fiscal cliff negotiations? >> temperatures on the chilly cited above their warming up tomorrow. the insta-weather + forecast just ahead. >> were watching wbal- tv 11. live, local, late breaking. this is 11 news at 6:00. [captioning made possible by constellation energy group] captioned by the national captioning institute --www.ncicap.org-- >> the big story tonight, a crush in defeat at the hand of the washington redskins. adding insult to injury, a spot in the playoffs was available for the taking. >> a season that seemed so charmed a few weeks ago. now what feels cursed for ravens fans. injuries mounting and adding to the pain. it looking good in the fourth quarter. ravens trying to deal with robert griffin iii. hey, diddle diddle. ray rice up the middle. ravens up by eight. the redskins proved to be more resilience. look at kurt cousins in for injured rg3. he finds pierre garcon. tied at 28. a big punt returns setting up. that's it. there you go. from 34 yards, the rookie has never missed a kick in the nfl.
how could this power player conversation impact fiscal cliff negotiations? >> temperatures on the chilly cited above their warming up tomorrow. the insta-weather + forecast just ahead. >> were watching wbal- tv 11. live, local, late breaking. this is 11 news at 6:00. [captioning made possible by constellation energy group] captioned by the national captioning institute --www.ncicap.org-- >> the big story tonight, a crush in defeat at the hand of the washington redskins. adding...
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on the fiscal cliff fight. that and more on the sunday afternoon straight ahead. >>> lauren chun wanted to introduce kim chee to mainstream america. she's using nonethnic packaging to appeal to a mass market and the product is now carried in whole foods and fresh markets. and we can save you 10% on ground shipping over the ups store. look this isn't my first christmas. these deals all seem great at the time... but later... [ shirt ] merry christmas, everybody! not so much. ho ho ho! this isn't that kind of deal. [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. yofor giving the perfect gift?le just have a knack [ male announcer ] break from the holiday stress. they put real thought into it. and find just... the right...thing. how do they do that? more saving. more doing. that's the power of the home depot. pick up a ridgid jobmax multi-tool starter kit and get a free head attachment. pretty sweet, huh? cute. but don't you have any apps on your phone that can make your li
on the fiscal cliff fight. that and more on the sunday afternoon straight ahead. >>> lauren chun wanted to introduce kim chee to mainstream america. she's using nonethnic packaging to appeal to a mass market and the product is now carried in whole foods and fresh markets. and we can save you 10% on ground shipping over the ups store. look this isn't my first christmas. these deals all seem great at the time... but later... [ shirt ] merry christmas, everybody! not so much. ho ho ho!...
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goes over that fiscal cliff we've been talking about. cbs reporter nancy cordis on the progress or lack thereof in washington. >> reporter: in his saturday weekly address, president obama signaled he is open to making cuts on programs like medicare and medicaid if republicans agree to raise tax rates for the rich. >> i'm willing to find ways to bring down the cost of healthcare without hurting seniors and other americans who depend on it. and i'm willing to make more entitlement spending cuts on top of the $1 trillion in spending cuts i signed into law last year. >> reporter: his remarks came one day after house speaker john boehner announced the talks were stalled. >> well, this isn't a progress report, because there's no progress to report. >> reporter: his democratic counterpart, nancy pelosi, blames boehner for the stalemate. >> what they offered in return was an empty letter, lacking in specifics. >> reporter: such is the state of negotiations 23 days before the deadline, when federal income tax rates will revert to higher clinton e
goes over that fiscal cliff we've been talking about. cbs reporter nancy cordis on the progress or lack thereof in washington. >> reporter: in his saturday weekly address, president obama signaled he is open to making cuts on programs like medicare and medicaid if republicans agree to raise tax rates for the rich. >> i'm willing to find ways to bring down the cost of healthcare without hurting seniors and other americans who depend on it. and i'm willing to make more entitlement...
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first, the bad news, it is just tweet days until the fiscal cliff deadline. the good news, only 17 days the mayans say we're all going to die so who cares about the fiscal cliff! exactly. >> we would like to announce we have reached an agreement to avoid a fiscal cliff. in order to get the support of the speaker, i agree there will be no tax increases. i repeat, zero tax increases. now, why would i do that? i mean, i won the election. ( laughter ) i have the leverage. why give in? well, simply put-- i felt sorry for this man. >> is there a prospect for a deal? >> there's not a prospect for a deal. >> of course! it. >> the ongoing talks. >> there aren't even very many talks going on. ( laughter ) >> you're kidding us! give us something! >> but for the first time, there are numbers on pieces of paper from both sides. >> numbers on paper! ( cheers and applause ) ( laughter ) >> schieffer: that is our "face the nation" flashback. one note to major garrett. major, i was here 10 years before people thought i was important enough, and you are off to a fine start. >>
first, the bad news, it is just tweet days until the fiscal cliff deadline. the good news, only 17 days the mayans say we're all going to die so who cares about the fiscal cliff! exactly. >> we would like to announce we have reached an agreement to avoid a fiscal cliff. in order to get the support of the speaker, i agree there will be no tax increases. i repeat, zero tax increases. now, why would i do that? i mean, i won the election. ( laughter ) i have the leverage. why give in? well,...
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but back to the issue of the fiscal cliff, are you being cued in and clued in on what is happening? some republicans have complained that there are negotiations and bargains behind closed doors, that they are getting their information about what is being hammered out, essentially from news report, media reports. do you feel like you are getting enough information? >> i feel like i am being updated regularly. if the question is how i feel about the substance, where they are going, i am not encouraged, especially after the president rejected outright an initial offer by the speaker earlier this week. it didn't happen in a way that gave me confidence that the president is really interested in negotiating. he it gave me the sense that he is not only willing to allow us to go off the cliff burks perhaps he wants to push us off. >> of course, the white house continues to say, that's not what it wants, at least, publicly, but your colleague, senator lindy graham said as much a few days back, he thinks they have made a political calculation that there is a very real possibility that that is
but back to the issue of the fiscal cliff, are you being cued in and clued in on what is happening? some republicans have complained that there are negotiations and bargains behind closed doors, that they are getting their information about what is being hammered out, essentially from news report, media reports. do you feel like you are getting enough information? >> i feel like i am being updated regularly. if the question is how i feel about the substance, where they are going, i am not...
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Dec 9, 2012
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the edge of the fiscal cliff looming larger as the clock ticks toward the deadline on january 1st. negotiators are trying to hammer out a deal over tax hikes and spending cuts searching for common ground. amid all the back and forth there are signing of a compromise. steve centanni is live in washington. are the two sides any closer together? >> reporter: there are two important signs today. speaker, house speaker john boehner met with president obama at the white house today. we don't know how long they met or exactly what they talked about, but the white house says lines of communication are open and face-to-face meeting is on important. at the same time republicans say they will accept the demands for higher taxes on the wealthy if it goes along with spending cuts entitlements like medicare and social security. listen.... >> a lot of people are putting forth a theory. i think it has merit where you give the president 2% increase he is talking about on the top 2 percent. i am beginning to believe that is the best route for us to take. >> reporter: many other republicans, of cours
the edge of the fiscal cliff looming larger as the clock ticks toward the deadline on january 1st. negotiators are trying to hammer out a deal over tax hikes and spending cuts searching for common ground. amid all the back and forth there are signing of a compromise. steve centanni is live in washington. are the two sides any closer together? >> reporter: there are two important signs today. speaker, house speaker john boehner met with president obama at the white house today. we don't...
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Dec 9, 2012
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WBAL
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he wants to get the fiscal cliff business done with so don't be in a rush to await that decision. chris: when we return, the the week, will barack obama's scores in the second term be on foreign policy or here at home? chris: welcome back. syria, egypt and afghanistan are just the foreign policy challenges we already know about russia out china and there which brings us to the big question this week -- will the president's second term triumphs be abroad or here at home? >> i think his second term will be defined by foreign policy and looming confrontation over iran. chris: politco has spoken. >> despite all of the domestic issues, he will have a bigger role to play on the world stage and brought into that with events whether it be syria, iran. >> leadership just changed in china for the first time in 10 years, the most important economic relationship we have in the world and he's got to make headway there to make sure they stay on their reform path so they continue to grow and the world economy will be stronger. >> i agree, it's unanimous, the big foreign policy challenges are com
he wants to get the fiscal cliff business done with so don't be in a rush to await that decision. chris: when we return, the the week, will barack obama's scores in the second term be on foreign policy or here at home? chris: welcome back. syria, egypt and afghanistan are just the foreign policy challenges we already know about russia out china and there which brings us to the big question this week -- will the president's second term triumphs be abroad or here at home? >> i think his...
WHUT (Howard University Television)
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Dec 9, 2012
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WHUT
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the fiscal cliff, a combination of tax increases and spending cuts. right now there is a political standoff, which the head of the imf, christine largarde, has a duty to stop. >> the fiscal cliff -- when you talk to people around the world, how concerned are they about the ramifications of americans going over this cliff? >> people around the world are concerned about it. it used to be the case that they were more concerned about the eurozone than the fiscal cliff. now things have changed. they often ask about it and its resolution. >> what do you think the impact could be globally? we're looking at a time when the global recovery is fragile at best. >> the u.s. is about 20% of the global economy. if the u.s. suffers as a result of the fiscal cliff, a complete wiping out of its growth, it is going to have repercussions around the world. if the u.s. economy has two% less growth, it will probably be a 1% less growth in mexico, canada, in europe, and japan. there will be ripple effects. >> are you worried about this? >> yes. of course i worry about it. t
the fiscal cliff, a combination of tax increases and spending cuts. right now there is a political standoff, which the head of the imf, christine largarde, has a duty to stop. >> the fiscal cliff -- when you talk to people around the world, how concerned are they about the ramifications of americans going over this cliff? >> people around the world are concerned about it. it used to be the case that they were more concerned about the eurozone than the fiscal cliff. now things have...
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this is a global village watching the fiscal cliff. >> thanks, looking forward to that. looking forward to state of the union which starts in about ten minutes. >>> now, time to get ready for the week ahead, it's a busy week, monday, nobel prizes will be awarded, and on monday, it is fedex's busiest day. and tuesday, a big day for secretary of state hillary clinton, who travels to morocco. three days of talks with governments on how to end bloodshed in syria. more than 40,000 have died, including children, as owe now. and wednesday, the pope is tweeting, go on twitter to catch his first tweet from his personal account. the hope has managed to get nearly 600,000 followers in the last week. and on friday, person of the year, "time" is naming them. last year it was the protester that was picked. "time" is a sister company of cnn, and on saturday, egyptians vote. catch it live here on cnn. there you have it, a busy week ahead. it seems like whatever she does cases a stir, and now a tweet is causing a social media frenzy. take a look at your gas prices. the price fell a penny
this is a global village watching the fiscal cliff. >> thanks, looking forward to that. looking forward to state of the union which starts in about ten minutes. >>> now, time to get ready for the week ahead, it's a busy week, monday, nobel prizes will be awarded, and on monday, it is fedex's busiest day. and tuesday, a big day for secretary of state hillary clinton, who travels to morocco. three days of talks with governments on how to end bloodshed in syria. more than 40,000...
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Dec 9, 2012
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cliff. wherego to the newsroom richard will tell us. president and house speaker john boehner met privately. both emphasize the lines of communication remain open. one person watching all this is a woman with to power brokers on capitol hill. f is very muchclif the mind of linda. they need to put aside these differences they have. of 10 employees at the capitol hill that counts house itsker john boehner among customers. she worries about the year and a possible government cutbacks. >> they are our main source of keeping the business open. if it goes down any further, we might end up closing up. k of a deficit deal a $800 billion in domestic and defense cuts that family taxes could rise $3,500. is going to be a lot of suffering among a lot of people who deserve otherwise. the white house wants a tax on the rich and increase on the debt limit. say tax tight cost american jobs. medicare is going bankrupt, inability will be bankrupt two years. of democratsity republicans to reach a compromise is
cliff. wherego to the newsroom richard will tell us. president and house speaker john boehner met privately. both emphasize the lines of communication remain open. one person watching all this is a woman with to power brokers on capitol hill. f is very muchclif the mind of linda. they need to put aside these differences they have. of 10 employees at the capitol hill that counts house itsker john boehner among customers. she worries about the year and a possible government cutbacks. >>...
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Dec 9, 2012
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that doesn't avoid the fiscal cliff, does it? >> it avoids the tax side of the fiscal cliff. and most of the cuts in spending, except for defense and the president sees no interest in having a strong defense and we'll litigate that next year and there are opportunities to debate the spending, defense and entitlement issues next year, get the tax issue off the table, the weakest one for the republicans and let the president own it -- >> end with a wimper, not a bang. >> yes, could be. >> chris: there you go, see you next week, don't forget, check out panel plus where our group picks up right with the discussion on our web site, foxnewssunday.com and we'll post the video before noon eastern time and follow us on twitter. @foxnewssunday. this program note: tune into fox news channel tonight at 9:00 p.m. eastern for "fly me to the moon" anchored by neil cavuto it marks the 40th anniversary of the last time man walked on the lunar surface. up next on "final thoughts." about my best friend. ♪ i'm a conservative investor. i invest in what i know. i turned 65 last week. i'm getting
that doesn't avoid the fiscal cliff, does it? >> it avoids the tax side of the fiscal cliff. and most of the cuts in spending, except for defense and the president sees no interest in having a strong defense and we'll litigate that next year and there are opportunities to debate the spending, defense and entitlement issues next year, get the tax issue off the table, the weakest one for the republicans and let the president own it -- >> end with a wimper, not a bang. >> yes,...
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Dec 9, 2012
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if we were to go over the fiscal cliff, and even more so, if there isn't a compromise that really establishes the american financial system on solid ground , then there will be many ways in which we as a university and every university in this country will be compromised. in the sense of compromising our quality. we will -- we depend upon the funding of biomedical research, innovation in this country. that will dry up. we are committed to making an affordable for all of our undergraduates with costas about $181 million per year. that is twice the amount it cost us eight years ago because we have rant of financial aid. and the more unemployment there is in this country, the more we spend on financial aid. and it would be a tragedy if this country moves in a direction to make education less affordable. so we, as a university, are very dependent and very concerned about the fiscal health of this country. >> are you also in the class from parent university? >> i do enjoy teaching. and i take every opportunity to meet with students, to talk to students, and to teach in my spare time. >> what does
if we were to go over the fiscal cliff, and even more so, if there isn't a compromise that really establishes the american financial system on solid ground , then there will be many ways in which we as a university and every university in this country will be compromised. in the sense of compromising our quality. we will -- we depend upon the funding of biomedical research, innovation in this country. that will dry up. we are committed to making an affordable for all of our undergraduates with...